Dogecoin (DOGE ) Gears Up for a Breathtaking Rebound After Key Correction: Analyst Predicts

Dogecoin (DOGE) Gears Up for a Breathtaking Rebound After Key Correction: Analyst Predicts

Marcel KnoblochBy No Comments edited by
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  • Positive technical signals like RSI divergence and TD Sequential buy indicators suggest Dogecoin may be poised for a strong rebound.
  • Elon Musk’s support and potential DOGE integration into payment services could further boost its market performance.

Dogecoin (DOGE) recently experienced a dip in its price following a turbulent August in the crypto market. Following a recent CNF update on Dogecoin seeing a 32% spike in a key metric, discussions arose about a potential DOGE price surge ahead. Crypto analyst Ali Martinez offers some hope, suggesting that DOGE might be gearing up for a significant rebound.

Martinez highlighted a positive divergence in Dogecoin’s Relative Strength Index (RSI) and noted that the TD Sequential indicator is signaling a potential price upsurge. Currently trading at $0.09745, DOGE could see a strong comeback in September if these indicators hold true.

According to today’s CoinMarketCap data, Dogecoin (DOGE) is trading at $0.09943, with a 2.21% increase in the past day and a decline of 4.75% in the past week.

According to a recent tweet by Ali Martinez, a technical and on-chain analyst, Dogecoin is showing a bullish divergence against the RSI on the 4-hour chart, with the TD indicator flashing a buy signal. These positive signs suggest a potential price rebound for $DOGE on the horizon.

Additionally, DOGE remains a top 10 cryptocurrency with a market cap of $15.6 billion. Tesla and SpaceX CEO Elon Musk, a known DOGE supporter, could also influence its price. A recent lawsuit accusing Musk of manipulating DOGE’s price was dismissed, allowing him to continue promoting the coin, which may include integrating it into X’s upcoming payment service.

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This article is for informational purposes only and does not constitute investment advice. Read full disclaimer

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Marcel Knobloch

Marcel Knobloch

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Marcel Knobloch, also known as Collin Brown, is the founder and managing partner of Crypto News Flash. He entered the crypto market in 2014 and has since grown multiple websites and startups within the industry. One of the leading crypto news websites he built was Coin-Hero.de. Those who have been in the space long enough may recognize our former brand. Beyond the crypto sector, Marcel has spent nearly 10 years working in various online startups across different industries. He holds a Master’s degree in Economics from the University of Leipzig and is a regular speaker at crypto conferences, including the Crypto Assets Conference in Frankfurt, where top industry experts gather annually to discuss the latest blockchain technologies and developments. Marcel is passionate about different cultures and innovative technologies that improve people’s lives. He enjoys diving and has a particular love for spicy food.
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